EUR/NZD Weekly Review | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/NZD, EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD, NZD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies

trading gbp/nzd with nzd/usd overlay 6 replies

NZD/JPY AUD/NZD basket 3 replies

Attachments: EUR/NZD Weekly Review
Exit Attachments

EUR/NZD Weekly Review

  • #21
  • Sep 8, 2011 9:29am Sep 8, 2011 9:29am
Hi Traders
I am SHORT from 1.7000
Now EURNZD comes very close to important 1.6700 zone.
Well, I am just hesitating now if to close my position or keep it to break out the 1.6700 level and fall another 500 pips to 1.6200 ???

1.6200 is perfect 100% Fibonacci extension of last leg down, also ABC patterns match perfectly...
On the other hand, if it bounces back to 1.7000 we'll have ideal double bottom...

Any suggestions?

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.jpg Size: 163 KB
Read Charts - Not Papers
  • #22
  • Sep 8, 2011 11:09am Sep 8, 2011 11:09am
Quoting halkins
Hi Traders
I am SHORT from 1.7000
Now EURNZD comes very close to important 1.6700 zone.
Well, I am just hesitating now if to close my position or keep it to break out the 1.6700 level and fall another 500 pips to 1.6200 ???

1.6200 is perfect 100% Fibonacci extension of last leg down, also ABC patterns match perfectly...
On the other hand, if it bounces back to 1.7000 we'll have ideal double bottom...

Any suggestions?

Attachment
i'm short from 1.67 till 1.58.. but this is my trade, you don't have to follow me
  • #23
  • Sep 8, 2011 12:27pm Sep 8, 2011 12:27pm
Quoting The Oracle
i'm short from 1.67 till 1.58.. but this is my trade, you don't have to follow me
heh,,,
I'll closed half and let the other half rides the way down
However my "bus stop" is at 1.62500
All rest of the journey below 1.6200 you've got to go alone, ha ha ha
Read Charts - Not Papers
  • #24
  • Sep 11, 2011 8:11am Sep 11, 2011 8:11am
Quoting halkins
heh,,,
I'll closed half and let the other half rides the way down
However my "bus stop" is at 1.62500
All rest of the journey below 1.6200 you've got to go alone, ha ha ha
my appetite is getting bigger & bigger.. do you think this pair could reach parity?
  • #25
  • Sep 11, 2011 8:24am Sep 11, 2011 8:24am
Quoting The Oracle
my appetite is getting bigger & bigger.. do you think this pair could reach parity?
Going back to 1990 (that's what my charts are available to show) the history bottom was 1.6000 and then price always went back to its average which was about 2.0000
Weekly charts really favour bearish sentiment and 1.6000 seems to be realistic goal for few weeks ahead, so far...
Nothing is predictible in forex market, however I wouldn't go below 1.6000
Read Charts - Not Papers
  • #26
  • Sep 11, 2011 9:25am Sep 11, 2011 9:25am
Quoting halkins
Going back to 1990 (that's what my charts are available to show) the history bottom was 1.6000 and then price always went back to its average which was about 2.0000
Weekly charts really favour bearish sentiment and 1.6000 seems to be realistic goal for few weeks ahead, so far...
Nothing is predictible in forex market, however I wouldn't go below 1.6000
well, that was 1990.. in no way now it's going back to 2.0..
  • #27
  • Sep 11, 2011 9:41am Sep 11, 2011 9:41am
EUR/NZD – Bias (MN): Bearish; Bias (D1): Ranging

http://lcchong.files.wordpress.com/2...ng?w=867&h=405

http://lcchong.files.wordpress.com/2...ng?w=866&h=405

Rate of EUR/NZD mathematically is derived from EUR/USD and NZD/USD. So which pair to monitor to determine the potential movement of EUR/NZD? Let see correlation. EUR/NZD has very high negative correlation with NZD/USD (not EUR/USD). So as long as NZD/USD maintains its uptrend, then EUR/NZD has no much issue to create new history low.


http://lcchong.files.wordpress.com/2...ng?w=584&h=191
  • #28
  • Sep 14, 2011 6:03am Sep 14, 2011 6:03am
Hi Traders...

Is it the end of down trend journey???
EURNZD is locked now between 1.6700 and 1.6500

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.jpg Size: 150 KB
Read Charts - Not Papers
  • #29
  • Sep 15, 2011 8:00am Sep 15, 2011 8:00am
Quoting halkins
Hi Traders...

Is it the end of down trend journey???
EURNZD is locked now between 1.6700 and 1.6500

Attachment
but overall trend is still down.. it comes down because it has negative correlation with nzd/usd.. when nzd/usd reverse to the upside, eur/nzd will continue with its decline..
  • #30
  • Sep 23, 2011 5:07am Sep 23, 2011 5:07am
Hi Traders…
Anybody has an idea or any suggestion about EURNZD?
I am tempted to go SHORT soon, but not at this moment.
The downtrend potential is veeeeerrrrry nice!!!
Might be I need to wait till Monday.

The pair is now hesitating around 1.7280 zone
I think it’s not the end of its upper movement and the price would like to touch and test its 76,40% Fibbo level which is also very important S/R and psycho level @ 1.7400.
Who knows, maybe it’ll break through to retest once again 1.7760…

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.jpg Size: 160 KB
Read Charts - Not Papers
  • #31
  • Sep 28, 2011 12:15pm Sep 28, 2011 12:15pm
Here’s a quick review of one of my Monday trades I posted and its results

Ooooops, I did it again.
Don’t let the wining trade turn into a looser… ha ha, easy to say
Well, I ended up with 0.80% profit on EURNZD so I didn’t loose.

I perfectly entered SHORT yesterday at 1.7500 and slid down to 1.7100.
Pretty nice profit 2.20% wasn’t enough for me.
I was expecting yet deeper draw down to 1.7000.
After price hit 38.2 Fibonacci at 1.7100 it began its way up and didn’t even think to stop and reverse. My trailing stop loss was hit… Bang!
I hope some of you cashed out at 1.7100, it was worth anyway…


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.jpg Size: 120 KB
Read Charts - Not Papers
  • #32
  • Sep 30, 2011 8:10am Sep 30, 2011 8:10am
Guys, what now?
The price finally reached its ceiling at 1.7740.
Bearish candles look promising…
Wouldn’t be great to go SHORT now and take a ride down with over 5% profits?
Or maybe it’s a trap?

In my opinion the uptrend momentum is still strong and didn’t fade away.
Not as at the beginning, but strong enough to push the price up to 1.7900 or even higher 1.8000
What now looks like a trend reversal is probably a correction movement.
Probably we won’t see any results today...
Any “aussie&kiwi” comments recommended.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.jpg Size: 127 KB
Read Charts - Not Papers
  • #33
  • Sep 30, 2011 8:25pm Sep 30, 2011 8:25pm
Quoting halkins
Guys, what now?
The price finally reached its ceiling at 1.7740.
Bearish candles look promising…
Wouldn’t be great to go SHORT now and take a ride down with over 5% profits?
Or maybe it’s a trap?

In my opinion the uptrend momentum is still strong and didn’t fade away.
Not as at the beginning, but strong enough to push the price up to 1.7900 or even higher 1.8000
[font=Verdana]What now looks like a...
great
  • #34
  • Apr 30, 2012 2:29pm Apr 30, 2012 2:29pm
Short
  • #35
  • Feb 13, 2014 8:59am Feb 13, 2014 8:59am
Any chance this pair go up again?

im underwater since 1.6640
  • #36
  • Mar 20, 2014 9:37am Mar 20, 2014 9:37am
Someone has an idea about the trend of this cross for the next 10 days ?
  • #37
  • Mar 20, 2014 9:44am Mar 20, 2014 9:44am
I think this thread is dead for now no analysis for ages poor thing
  • #38
  • Mar 20, 2014 9:53am Mar 20, 2014 9:53am
Quoting xetrader
I think this thread is dead for now no analysis for ages poor thing
Ehhh I see.
I hope that it's starting the retracement period to go bull
  • #39
  • Mar 22, 2014 11:59pm Mar 22, 2014 11:59pm
Quoting Devart
{quote} Ehhh I see. I hope that it's starting the retracement period to go bull
Me, too. Keeping an eye on the 1.6119 area, with a close above it, before deciding to go long. I just need to time it. Then a close above the 1.6383 area will make me even more bullish, with a final target around 1.68xx. Time will tell. GL
Attached Image (click to enlarge)
Click to Enlarge Name: bullship.png Size: 20 KB
Time turns trend. - W.D. Gann
  • #40
  • Mar 23, 2014 12:39am Mar 23, 2014 12:39am
Sorry. Forgot the top part of my target. Drunk here.
Attached Image (click to enlarge)
Click to Enlarge Name: drunkass.png Size: 20 KB
Time turns trend. - W.D. Gann
0 traders viewing now